"In the coming weeks, we will launch an industry-leading transparency center that will offer everyone visibility into who is advertising on Twitter, details behind those ads and tools to share your feedback with us," Bruce Falck, Twitter's general manager of revenue product and engineering, wrote in a blog post.

Political advertisements will have a uniform look. Twitter will also disclose who paid for the advertisements, how much they've spent and the demographics they are targeting.

An example of what a future political ad may look like.Twitter

Issues-based ads will also fall under more scrutiny, Falck said, but he did not provide specific details on how Twitter would handle them.

"There is currently no clear industry definition for issue-based ads but we will work with our peer companies, other industry leaders, policy makers, and ad partners to clearly define them quickly and integrate them into the new approach mentioned above," he said.

For advertisements that fall into other categories, such as for a business, Twitter will disclose how long the ads have been running, the creative agency associated with the ads and personalized information on the ads that are specifically being targeted to each user.

The Advertising Transparency Center updates will first be made in the United States before Twitter takes them globally.

A piece of legislation — the Honest Ads Act was also introduced last week. If passed, it would require social media companies to maintain public records for election ads run on their platforms, holding them to the same disclaimers seen in broadcast and print election ads.

Alyssa Newcomb

Alyssa Newcomb is an NBC News contributor who writes about business and technology.